US stock market has a new challenge, rating downgrade of USA due to " beautiful borrowing to approve US budget "
No debt ceiling, just say YES to more deficit.....
We may have a sharp selling on Monday.....
Once new selling panic sets in, it takes weeks to reverse it....
Trade war continues, 90 days delays does not cut it....
World economies are taking a huge hit and most CEO's have no clue when this " beautiful trade war will be resolved "
SO...everything is back to square one....
Only thing which seems to work is book profit when you see it, or else lose the gain.....
Here is my last week :
Last week UP 16.70%
YTD UP 13.32%
Here is my portfolio weighting :
ABX 21.44%
GOOG 19.27%
TSLA 15.34%
AAPL 14.17%
AVGO 10.93%
MSFT 9.16%
SMCI 5.04%
MU 4.65%
BLOG does NOT give buy or sell
Saleem
6 comments:
Hi Saleem,
Congrats on the massive week and YTD gains!! Patience and conviction has proved worthy here - the question is what to do now...
Stocktrader
Hi Saleem,
Last week: +9.74% (YTD: -19.93%)
Portfolio Leaders: FATN RZLV RBRK DAVE
Portfolio Laggards: none
It was a 3rd consecutive week of 8+% gains for the portfolio as the overall market also posted large gains. A pause in the extremely onerous Chinese tariffs set the stage for good companies to move higher, relieving the burden of administration intervention that had kept them in uncertain territory. Institutional and retail money alike has had to forcefully re-invest money that had been sidelined initially on the tariff news, but now seems like more rational outcomes may exist, even if the road is still bumpy. True AI efficiencies and enhancements seem to be ever closer, and companies embracing the technology with open arms are getting rewarded. I think the overall market still can work from here, but the majority of the gains will be in stock selection as certain stocks will rotate between rocketing and resting. Taking profits on nice gains and re-deploying into the next idea may be the way to generate outperformance from here.
Portfolio: RZLV ODD LFMD UPST SSYS AVAV III DAVE PSNL FATN TTMI, cash 12%
I have an old name with a fresh thesis to buy Monday morning and then will deploy the rest of the cash into existing names. I don't particularly like how UPST is acting so I'm keeping a close eye on it. Also, I almost sold ODD instead of CVLT on Friday and it is probably the name first to sell if I have another new idea just because this year might end up being more of a transition year for them as their top brands decelerate and their new brands just ramp. Otherwise, the other portfolio names have specific drivers that I think present upside for this quarter.
Stocktrader
Hi Stocktrader,
Thanks for your feedback much much appreciated.
Your new strategy reflects your technical & analytical strength and IS showing in back to back to back weekly results.....
Saleem
Hi Saleem,
Bought SNAP @ 8.58
Given what's likely a V-shaped recovery in ad spending after the aggressive pause we had in April is likely, coupled with continued traction in Snapchat+ and Spotlight, I think SNAP is poised to outperform expectations the rest of the year.
Also added small to most other names to use remaining cash.
Stocktrader
Hi Stocktrader,
Good luck with SNAP.....
Saleem
Hi Salem & Stocktrader
Thank you for all the valuable information and feed back. Good luck with SNAP.
Simon
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